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Hexyflexy posted:It's a legitimate threat to the security of energy use on the planet. Let that one sink in, and it's mainly used as a money laundering scheme. not only is it mostly just scams and money laundering, every additional bit of power poured into it makes the whole system even worse you could achieve the same transaction rate and throughput with a single "miner" running off of a raspberry pi. everything after that is literally useless all miners are doing is guessing random numbers constantly in hopes that they pick a winner
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Jan 22, 2022 02:40
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Four years ago in grad school, so around spring 2018, did a brief back of the envelope calculation and a single Bitcoin transaction had roughly the same carbon footprint as driving an F-150 from Jacksonville to Houston. It's only gotten worse. E: running with the car analogy, cryptocurrency is the leaded gasoline of Fintech.
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Jan 22, 2022 02:45
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Blind Rasputin posted:The guy in the Bloomberg article saying, “crypto is starting to go the way of equities” is in no quiet way saying that the crypto market has gotten so tucked up convoluted that it’s synonymous with the collatetalized debt obligation and default swap bullshit banks were pulling that led to the 2008 global financial crisis. CDOs and double tranche CEOs and synthetic CDOs and everything in between was not real currency either, and banks were literally propping themselves up on them like they were. This time, thankfully(?), a massive crash of the crypto market (I imagine as soon as Biden or any other major superpower signs in ink a bunch of regulatory orders this will spark the massive sell off) it won’t be banks but crypto bros that find themselves bankrupt. Youre getting a little too convoluted yourself. He is saying that crypto should be seen as a risk asset, one that moves in tandem with the market because investor logic is similar in both cases. Its not a safe haven or an asset that can be evaluated separately. You are right that this is because these are no longer fringe investors but institutional money. The same problem with CDOs comes in though and fringe investors are probably not the only ones that pay the price. It moves in tandem with the market because the mainstream acts as rational investors and has to react to increased risk, implying mainstream and not cryptobro exposure, at least in part. lightpole fucked around with this message at 03:08 on Jan 22, 2022 |
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Jan 22, 2022 03:05
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what aspect of mainstream crypto investment seems like the acts of "rational" investors
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Jan 22, 2022 03:38
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boop the snoot posted:https://www.youtube.com/watch?v=O2KwLa3xUgI&t=44s Yep. I guess I was lucky only seeing a max of 10k markup at dealers in my area last month. Did manage to find a car without a markup tho.
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Jan 22, 2022 04:00
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Kesper North posted:what aspect of mainstream crypto investment seems like the acts of "rational" investors what aspect of any investment seems like the acts of rational investors though
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Jan 22, 2022 04:05
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drat you florida man https://www.stuff.co.nz/world/us-canada/300501606/family-of-four-die-in-blizzard-during-attempt-to-cross-into-us-from-canada quote:A Florida man has been charged with human smuggling after the bodies of four people, including a baby and a teen, were found in Canada near the US border in what authorities believe was a failed crossing attempt during a freezing blizzard.
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Jan 22, 2022 04:23
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maffew buildings posted:what aspect of any investment seems like the acts of rational investors though Rational thought takes you weird places. The point of a mainstream investor is to stay as close as possible to the herd. Losses can be forgiven if everyone is losing but if you want to be safe and make 10% ROI risk free while everyone else is hanging off the ledge for 12% you won't have a job for long. Contrarianism is rarely rewarded.
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Jan 22, 2022 04:30
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Comrade Blyatlov posted:drat you florida man Ah, just the pedigree of someone you want to take you across the canadian border
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Jan 22, 2022 04:30
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https://twitter.com/Acyn/status/1484723825606479872?t=9ubwMoFp0ykyNtPHVUniuw&s=19
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Jan 22, 2022 05:18
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maffew buildings posted:https://twitter.com/Acyn/status/1484723825606479872?t=9ubwMoFp0ykyNtPHVUniuw&s=19 Why does he want to gently caress the M&Ms?
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Jan 22, 2022 05:24
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https://www.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us I'm glad Tucker is mad about the right thing
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Jan 22, 2022 05:26
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The idea of gendered candy is deeply stupid but Tucker is never right about anything. Also Nestle delenda est.
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Jan 22, 2022 06:05
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maffew buildings posted:I'm glad Tucker is mad about the right thing
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Jan 22, 2022 06:11
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Vincent Van Goatse posted:Also Nestle delenda est. It’s such a weird and evil company. It’s like something from the pages of bad fiction.
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Jan 22, 2022 06:13
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Platystemon posted:It’s such a weird and evil company. Nestle is truly the most Swiss of all Swiss companies.
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Jan 22, 2022 06:34
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Jimmy Smuts posted:Jesus gently caress, so it's basically using the equivalent of multiple nuclear reactors? https://twitter.com/bigseb31213/status/1484299339191181315 This is basically the reality of crypto after the China ban. Taking advantage of heavily subsidized energy prices in Russia and the various -Stans.
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Jan 22, 2022 06:39
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Oh, lol. I read that as USA Georgia and wasn’t surprised one bit.
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Jan 22, 2022 06:44
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Causing blackout in remote mountain areas? I’m surprised that the cryptominers haven’t been visited by some concerned citizens in the dead of night. I suppose they paid off the right people.
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Jan 22, 2022 06:47
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CRUSTY MINGE posted:Schad thread gem, straight quote. These the guys that did the semi-organized masked march on Washington the other day? Jimmy Smuts posted:I'm seeing video cards now in the $1500+ range due to mining. gently caress this noise, ban video cards, games were better when they were 2d or 2.5d anyway I mean, cryptobros have been driving up the prices for a long time now, but the current absurdity is more due to the semi-conductor shortage.
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Jan 22, 2022 07:20
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Platystemon posted:It’s such a weird and evil company. They bottle 300 million litres of water from the aquifer in Hope, BC per year. In exchange, they pay the Canadian government $675.
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Jan 22, 2022 07:35
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Kazinsal posted:They bottle 300 million litres of water from the aquifer in Hope, BC per year. In exchange, they pay the Canadian government $675. Art of the deal.
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Jan 22, 2022 07:36
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Duzzy Funlop posted:These the guys that did the semi-organized masked march on Washington the other day? Looks like it, yeah. Also looks like they were laughed out of Chicago a few weeks ago.
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Jan 22, 2022 07:43
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Kazinsal posted:They bottle 300 million litres of water from the aquifer in Hope, BC per year. In exchange, they pay the Canadian government $675.  quote:The average water bill in the United States is $72.93 a month for a family of four using 100 gallons of water per day per person.
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Jan 22, 2022 07:44
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lightpole posted:You know thats not how this works right? $1 trillion was not refocused from somewhere else and put into crypto. Yes I know, my thought process was going back to the hardware, effort and electricity (and money fleeced out of crypto buyers) that went in to the sham of the "market value".
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Jan 22, 2022 11:35
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maffew buildings posted:https://twitter.com/Acyn/status/1484723825606479872?t=9ubwMoFp0ykyNtPHVUniuw&s=19 Did Goebbels also jerk it to candy?
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Jan 22, 2022 14:09
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Marshal Prolapse posted:Well son of a bitch I never really disinfect the mask and tubing besides using (and infrequently at that) hand soap. Late the CPAP party, but that ‘s exactly what my pulmonologist said. He advised me of the underlying recall issues and that I can continue to user the DreamStation since I never used ozone to sanitize (just very mild soapy water). What I like about the my current machine is that the humidifier is detachable, which is great for travel; I’m frustrated because the other devices on the market all seem to have integrated dehumidification.
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Jan 22, 2022 14:23
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Keep politics out of sports, not candy.
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Jan 22, 2022 14:26
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Sy Borg posted:Late the CPAP party, but that ‘s exactly what my pulmonologist said. He advised me of the underlying recall issues and that I can continue to user the DreamStation since I never used ozone to sanitize (just very mild soapy water). What I like about the my current machine is that the humidifier is detachable, which is great for travel; I’m frustrated because the other devices on the market all seem to have integrated dehumidification. I just got a ResMed machine as a replacement for a broken DreamStation (it just up and broke on me, don't know how), and man the thing is a gigantic piece of poo poo. The worst plastic smell I've ever had with any CPAP, about 10 times worse than anything to do with the DreamStation. The settings suck, the menu sucks, the auto off sucks, the app sucks, the amount of water you can put in it is miniscule, and I bet I'm going to wake up with the smell of burnt plastic because of that. I almost always had that problem with the DreamStation, where the water would run out and sometimes I'd wake up to the smell of burnt plastic, even if I turned all the temperature settings down to 1. But at least the pressure was good, and at least the customization was good. gently caress this ResMed piece of poo poo.
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Jan 22, 2022 14:32
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https://twitter.com/davidsirota/status/1484577745816338437?t=189VZXhlQcgLyZVvnWpm7A&s=19 I have been pretty upset about how they're loving this up but I didn't even consider kickboxing class!
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Jan 22, 2022 16:18
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Excuse me but the focus group data CLEARLY showed that margaritas and kickboxing polled well among white girlbosses
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Jan 22, 2022 17:21
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maffew buildings posted:https://twitter.com/davidsirota/status/1484577745816338437?t=189VZXhlQcgLyZVvnWpm7A&s=19 Wait did she just say political violence was okay now? 
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Jan 22, 2022 17:25
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"Get over it!" Is a pretty poo poo message
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Jan 22, 2022 17:29
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When voting rights go low, we go to Margarita Kickboxing.
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Jan 22, 2022 17:34
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JUST VOTE!!!
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Jan 22, 2022 18:08
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Jen Psaki is really fuckin' bad at her job.
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Jan 22, 2022 18:30
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It sure looks like Russia has Germany by the balls, doesn't it. https://twitter.com/yarotrof/status/1484626546199515139
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Jan 22, 2022 19:36
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A bit. https://www.reuters.com/world/german-government-distances-itself-navy-chiefs-comments-putin-2022-01-22/
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Jan 22, 2022 19:42
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Nuclear Tourist posted:It sure looks like Russia has Germany by the balls, doesn't it. I'm trying really hard to justify that comment. If anything Germany should be repaying Ukraine back now for all the terrible poo poo they did there.
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Jan 22, 2022 19:43
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Even just from a purely self interest point of view, if Russia doesn't have them by the balls they should be pretty open to containing Putin's aggression. Not a good look to be saying 'No' at the moment.
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Jan 22, 2022 19:51
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